BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > WTF???

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Comment by Skateron Nov 23, 2021 11:10am

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Post# 34157092

RE:RE:RE:RE:RE:WTF???

Under $300MM market cap. Would be an interesting play if Redecan came in and took the whole thing private. They already own, what? half? And sitting the $400MM that Hexo gave them. Either way, buyout or dilution, the existing shareholders are getting screwed on this one. I don't see them operating their way out of this. Shoudl have a good top line, but will take too long to get the costs under control and get to cashflow positive.

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